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(REFEX) Refex Industries complete technical analysis [charts+indicators] | Buy/Sell Refex Industries | (REFEX) share price targets

Complete technical analysis of Refex Industries (REFEX) by charts plus indicators, forecast predictions and share price targets for Refex Industries (REFEX)

Refex Industries trades in NSE in Industrial Gases sector.

Showing technical analysis as on 2024-06-03 View latest technical analysis

10 day averaged volume of Refex Industries is 423615

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	137.35	141.80	141.80	136.05	1.243 times
31 Fri May 2024	135.05	136.00	136.05	132.85	0.514 times
30 Thu May 2024	134.60	137.30	138.35	134.05	0.677 times
29 Wed May 2024	137.45	134.15	139.70	134.15	0.823 times
28 Tue May 2024	137.20	142.85	145.00	135.70	1.343 times
27 Mon May 2024	142.85	137.00	147.00	137.00	1.573 times
24 Fri May 2024	143.00	149.50	155.00	142.90	2.068 times
23 Thu May 2024	150.40	154.20	157.00	148.15	0.709 times
22 Wed May 2024	153.40	159.00	159.80	152.00	0.89 times
21 Tue May 2024	158.05	152.00	158.40	151.30	1.261 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 139.4, but if it comes above 139.4, then a intra day buy could be more profitable.
If you take a sell trade below 139.4, then use 139.4 as stoploss and 131 as target. However if you take a buy trade in stock , then use 139.4 as stoploss and 146.38 as target.

Share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Target	130.00
Downside Target	136.05
Upside Target	139.15
Upside Target	147.00
Upside Target	156.40
Upside Target	159.80
Upside Target	163.70
Upside Target	172.80
Upside Target	175.50
Upside Target	550.05
Upside Target	695.90
Upside Target	702.80

Intraday share price targets for Refex Industries (REFEX)

Target Type	Value
Downside Intraday Target	135
Downside Intraday Target	132.65
Upside Intraday Target	140.75
Upside Intraday Target	144.15
Upside Intraday Target	138.4

Weekly technical analysis of Refex Industries (REFEX)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	137.35	141.80	141.80	136.05	0.252 times
31 Fri May 2024	135.05	137.00	147.00	132.85	1.001 times
24 Fri May 2024	143.00	152.00	159.80	142.90	1.382 times
18 Sat May 2024	150.90	147.50	156.40	139.15	0.563 times
10 Fri May 2024	145.00	162.30	163.70	141.20	0.971 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Refex Industries (REFEX)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	137.35	141.80	141.80	136.05	0.056 times
31 Fri May 2024	135.05	167.95	172.80	132.85	0.703 times
30 Tue Apr 2024	165.85	137.85	175.50	132.10	3.778 times
28 Thu Mar 2024	134.20	653.00	695.90	130.00	2.248 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Refex Industries (REFEX)

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Refex Industries ( (REFEX) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Refex Industries ( (REFEX) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Refex Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Refex Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Refex Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Refex Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Refex Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 143.37 and Refex Industries (REFEX) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Refex Industries (REFEX) stock. Volume based technical analysis of Refex Industries (REFEX) stock is negative.

Refex Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.